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Sold for $1,350,000
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  • Listed by: Sage Real Estate Group, Inc. • Juan Huizar • Contact: 562-400-7622
    Bought with: The Chappel Agency
    Tax assessed value
    $1,350,000

    1967 Atlantic Ave, Long Beach, CA 90806

    3beds
    3baths
    2,176sqft
    Quadruplex
    Built in 1922
    -- sqft lot
    $1,166,600 Zestimate®
    $620/sqft
    $3,135 Estimated rent

    Home value

    $1,166,600

    $1.07M - $1.26M

    $3,135/mo

    Zestimate® history
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    What's special

    Now priced at an amazing price of $1,350,000. This remarkable 4-plex in Long Beach is not just another property—it's a lucrative venture waiting to be seized. Boasting an impressive gross income of $126,000 per year, this gem stands out as one of the most profitable 4-unit properties on the market. Here's what makes this property truly exceptional: Brand New ADU with EV Charging: Built with precision in 2023, this additional dwelling unit offers modern amenities and the convenience of electric vehicle charging—a forward-thinking feature that adds significant value. Diverse Rental Portfolio: With one fully operating Airbnb unit and three fully furnished units catering to traveling nurses on short-term rentals, this property offers a versatile income stream. While all units can be delivered vacant upon request, the substantial income generated makes it an enticing proposition to retain the existing tenants. Modern Comforts: Each unit is equipped with its own washer and dryer, along with brand new appliances, ensuring convenience and quality living for tenants. Ample Parking: Say goodbye to parking woes with generous off-street parking, providing convenience for both residents and guests. Comfortable Living Spaces: Enjoy year-round comfort with AC mini-splits installed in all four units, ensuring a pleasant environment regardless of the season. Comprehensive Renovation: With new electrical, plumbing, windows, and smooth stucco, this property has undergone a full remodel and rebuild in 2023. From top to bottom, every detail has been meticulously crafted to offer a turnkey, move-in ready experience. Say goodbye to maintenance headaches—this property promises hassle-free ownership. Don't miss out on this rare opportunity to own a high-income-generating property that's not only profitable but also meticulously designed for long-term success. Whether you're a seasoned investor or new to the market, this 4-plex offers an unparalleled combination of income potential and modern amenities—a truly exceptional investment opportunity in Long Beach.

    Zillow last checked:

    Listing updated:

    Listed by:

    Juan Huizar DRE #01417642 562-307-0838,

    Sage Real Estate Group, Inc.,

    Caleb Baldwin DRE #02056751 559-707-2136,

    Sage Real Estate Group, Inc.

    Bought with:

    Shalonda Chappel, DRE #01994236

    The Chappel Agency

    Source: CRMLS,MLS#: PW24046763MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    Heating
    • Ductless
    Cooling
    • Ductless
    Appliances
    • Laundry: Inside
    Features
    • Flooring: Vinyl
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 2,176
    • Total interior livable area: 2,176 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Driveway
    • Uncovered spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 5,588 Square Feet
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 7209003024
    • Zoning: LBPD25
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Condition
    • New construction: Yes
    • Year built: 1922

    Utilities & green energy

    • Electric: Electricity - On Property
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected

    Community & HOA

    Community
    • Features: Curbs, Street Lights, Sidewalks
    • Subdivision: Poly High (Ph)
    Location
    • Region: Long Beach

    Financial & listing details

    • Price per square foot: $620/sqft
    • Tax assessed value: $1,350,000
    • Annual tax amount: $18,077
    • Date on market: 3/8/2024
    • Cumulative days on market: 97 days
    • Listing terms: Cash,Cash to New Loan
    • Total actual rent: 10480

    Price history

    DateEventPrice
    9/23/2024Sold$1,350,000$620/sqft
    Source: CRMLS #PW24046763 Report a problem
    6/14/2024Pending sale$1,350,000$620/sqft
    Source: CRMLS #PW24046763 Report a problem
    5/5/2024Price change$1,350,000-3.5%$620/sqft
    Source: CRMLS #PW24046763 Report a problem
    4/8/2024Price change$1,399,000-3.5%$643/sqft
    Source: CRMLS #PW24046763 Report a problem
    3/8/2024Listed for sale$1,450,000+141.7%$666/sqft
    Source: CRMLS #PW24046763 Report a problem
    12/19/2023Listing removed--
    Source: Zillow Rentals Report a problem
    12/5/2023Listed for rent$2,700$1/sqft
    Source: Zillow Rentals Report a problem
    3/9/2021Sold$600,000+21%$276/sqft
    Source: Public Record Report a problem
    11/5/2019Sold$496,000$228/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$18,077 +90.5%$1,350,000 +94.6%
    2024$9,488 +1.8%$693,600 +2%
    2023$9,320 +15%$680,000 +11.1%
    2022$8,108 +21.8%$612,000 +22.1%
    2021$6,656 +0.2%$501,138 +1%
    2020$6,639 $496,000 +704.4%
    2019$6,639 +410.4%$61,661 +2%
    2018$1,301 $60,453 +2%
    2017$1,301 +1.2%$59,269 +2%
    2016$1,286 +6.7%$58,108 +1.5%
    2015$1,205 +1.4%$57,236 +2%
    2014$1,188 $56,116 +2.5%
    2012-- $54,769 +2%
    2011-- $53,696 +0.8%
    2010-- $53,296 -0.2%
    2009-- $53,424 +2%
    2008-- $52,377 +2%
    2007-- $51,351 +2%
    2006-- $50,345
    2005-- $50,345 -76.4%
    2004-- $213,003 +348.4%
    2003-- $47,505 +2%
    2002-- $46,575 +4%
    2000-- $44,769
    Find assessor info on the county website

    Neighborhood: Poly High District

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,166,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,166,600